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Everything first-timers need to know to avoid the most common
mistakes homebuyers make
Written especially for first-timers, this eye-opening guide turns
you into an educated consumer, ensuring that the home or condo you
buy is both a comfortable place to live and a great investment for
the future. Compiled from the experience of hundreds of homebuyers,
real estate agents, home builders, and mortgage lenders, it shows
you the most common mistakes buyers make and illustrates them in
practice so you don't fall into the same traps.
Now revised and updated for today's hot real estate market, this
invaluable resource covers everything from negotiating with sellers
and making the down payment to shopping for the best mortgage and
handling the closing. The new Fourth Edition also includes totally
up-to-date guidance on using the Internet to find properties,
secure financing, and collect important data. If you're thinking
about buying a home in this overheated market, don't make these
mistakes:
* Researching selling prices and still overpaying
* Believing everything your agent tells you
* Buying into an upscale neighborhood that's moving
downscale
* Underestimating utilities and other costs
* Allowing your agent to negotiate for you
* Letting fear get the better of you and not buying at all
Written by one of the nation's leading real estate experts and
packed with hundreds of valuable tips and suggestions, The 106
Common Mistakes Homebuyers Make, Fourth Edition will give you the
confidence--and the wisdom--to buy the right home at the right
price.
"Make Money with Affordable Apartment Buildings and Commercial
Properties, Second Edition," shows you how to build wealth with
affordable multi-unit residential and commercial buildings.
Low-priced income properties can yield higher returns than
single-family homes?especially if you manage them yourself. This
book shows you how to find, assess, buy, and manage apartment
buildings, retail offices, self-storage, and other overlooked
investment alternatives. In today's tough housing market, these
properties offer great returns.
In the Make Money series, renowned real estate investor and bestselling author Gary W. Eldred shows you how to profit from the safest, most reliable wealth builder in the world–real estate. With coverage of all the fundamentals–from finding the right properties to financing and managing them–Eldred shows you the ropes so you don’t have to learn important lessons the hard way. Unlike general guides to investing in real estate, each title in the Make Money series gives you the specialized expertise necessary to fully profit from a select investment strategy. Make Money with Condominiums and Townhouses shows homebuyers and investors how to travel the road to real estate wealth–often with little or nothing down. As an affordable investment vehicle, condominiums and townhouses offer numerous advantages over other types of rental property–they require relatively little day-to-day management, they tend to attract more desirable tenants than other rental properties, and they offer low risk and high returns. Full of time-tested techniques and proven money-making strategies, Make Money with Condominiums and Townhouses will show you how to: - Relax while you put your money to work
- Find properties with high rates of appreciation
- Evaluate homeowner association finances
- Choose profitable locations
- Understand the changing demographics that may affect your investment
- Finance your properties with little or no money down
- Achieve positive cash flow quickly
- Build up equity
- Understand by-laws, disclosure statements, and management contracts
The only guidebook that shows you how to finance any property--with
or without bank approval
Would you like to discover all of the many ways that you can
finance real estate? Want to learn how to cut your financing costs,
avoid pitfalls, and negotiate the best terms? Then let Gary
Eldred's 106 Mortgage Secrets All Borrowers Must Learn--But Lenders
Don't Tell, Second Edition guide you. Fully updated, this practical
guide explains how today's changing mortgage market really works.
Unlike other mortgage guides, this book goes beyond traditional
bank-originated loans and shows you how to benefit with seller
financing, assumables, subject-to, wraparounds, lease options,
foreclosures, and other money-saving possibilities.
106 Mortgage Secrets also protects you from the sharp practices of
loan reps that have recently sparked Congressional hearings and
multiple state investigations. In addition, Eldred shows how and
why the right financing decisions can add tens (and sometimes
hundreds) of thousands of dollars to your long-term net worth. With
these 106 secrets, you'll build the confidence and the knowledge
to:
*
Increase your borrowing power
*
Obtain the lowest interest rate
*
Understand the true pros and cons of ARMs
*
Cut (or eliminate) the cost of mortgage insurance
*
Save big with seller financing, assumptions, foreclosures, and
REOs
*
Strengthen your credit profile and credit score
*
Avoid getting taken... by the fine print and garbage fees
*
Steer clear of scams and unprincipled loan reps and lenders
*
Accumulate wealth through homeownership and investment properties
Simple, concise, and comprehensive, this book reveals everything
property buyers need to know--especially the 106 financing secrets
lenders too often omit.
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